Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Brazil - 2024

Contents:

1. Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Brazil (FOB) - 2022
2. Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Brazil (CIF) - 2022
3. Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Brazil
4. Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Brazil

Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Brazil (FOB) - 2022

In 2022, the average export price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $8,488 per ton, surging by 49% against the previous year. Over the period under review, the export price, however, saw a noticeable contraction. Over the period under review, the average export prices hit record highs at $11,233 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Nicaragua ($11,380 per ton), while the average price for exports to Singapore ($6,355 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nicaragua (+10.4%), while the prices for the other major destinations experienced a decline.

Price for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Brazil (CIF) - 2022

In 2022, the average import price for spices; cloves (whole fruit, cloves and stems), neither crushed nor ground amounted to $7,017 per ton, jumping by 19% against the previous year. Over the period under review, the import price, however, saw a perceptible decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by 44% against the previous year. Over the period under review, average import prices attained the maximum at $15,737 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Madagascar ($8,498 per ton), while the price for Indonesia amounted to $6,298 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+0.1%), while the prices for the other major suppliers experienced a decline.

Exports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Brazil

In 2022, shipments abroad of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground decreased by -34% to 980 tons, falling for the second consecutive year after two years of growth. In general, exports continue to indicate a precipitous decline. The pace of growth was the most pronounced in 2020 with an increase of 74%. As a result, the exports attained the peak of 4.2K tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground fell modestly to $8.3M in 2022. Overall, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2020 when exports increased by 39% against the previous year. As a result, the exports attained the peak of $19M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Top Export Markets for Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground from Brazil in 2022:

1. Mexico (230.5 tons)
2. Colombia (224.0 tons)
3. Dominican Republic (148.9 tons)
4. United States (85.2 tons)
5. Nigeria (73.0 tons)
6. Ecuador (73.0 tons)
7. Nicaragua (33.0 tons)
8. Singapore (24.0 tons)

Imports of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground in Brazil

Imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground into Brazil surged to 92 tons in 2022, picking up by 88% on the previous year. Over the period under review, imports saw a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, imports of spices; cloves (whole fruit, cloves and stems), neither crushed nor ground skyrocketed to $644K in 2022. Overall, imports continue to indicate significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Spices; Cloves (Whole Fruit, Cloves and Stems), Neither Crushed Nor Ground to Brazil in 2022:

1. Indonesia (61.9 tons)
2. Madagascar (30.0 tons)

Source: IndexBox Market Intelligence Platform